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Dec 27, 2012
12/12
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, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called senate bill is nothing more than a glorified sense of the senate resolution so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. that having been said, we'll see what the president h
, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called...
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Jan 2, 2013
01/13
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of course, you also need to add about 4% more if you make above $250,000 thanks to the health care law. still that's viewed as a favorable outcome for those dividend dash paying stocks because the fear was -- >> 40%. >> it was going to go to 40%. eff cox says t note our own dividend-paying stocks may pose some of dangers investors are missing regardless of that friendly tax rate. even as ryan lorenza, our u.s. extis strategy for tds thinks dividend stocks will pay off. jeff, why are you concerned? >> let me talk about a couple of issues. the one you is guys talked about before. we are in the early innings of this whole fiscal cliff mess and the sequestration and what not. it's going to create a lot of volatility in the market. dividend stocks underperformed last year only with a 5% return. i think they will underperform this year. second point is that we saw in december a lot of special dividend issues happening. i think that was sort of a pull forward kind of demand, and they didn't even do that well when the special dividends were happening. finally i just kind of think when you look
of course, you also need to add about 4% more if you make above $250,000 thanks to the health care law. still that's viewed as a favorable outcome for those dividend dash paying stocks because the fear was -- >> 40%. >> it was going to go to 40%. eff cox says t note our own dividend-paying stocks may pose some of dangers investors are missing regardless of that friendly tax rate. even as ryan lorenza, our u.s. extis strategy for tds thinks dividend stocks will pay off. jeff, why are...
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Dec 26, 2012
12/12
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. >>> herbalife hires a strategic advisor and a law firm. is the best defense a good offense? we will talk about the stock's chances of a recovery. >>> jane wells drawing the short straw at the one place that i would not want to be today. >> reporter: well, you know, i'm glad i got here at 4:00 a.m. because i was able to find a parking space. we have been talking to all these analysts. up next, we actually talk theo couple shoppers. what are they buying and returning? does the fiscal cliff even matter? over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insue q usaa. we know what it means to serve. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because pers
. >>> herbalife hires a strategic advisor and a law firm. is the best defense a good offense? we will talk about the stock's chances of a recovery. >>> jane wells drawing the short straw at the one place that i would not want to be today. >> reporter: well, you know, i'm glad i got here at 4:00 a.m. because i was able to find a parking space. we have been talking to all these analysts. up next, we actually talk theo couple shoppers. what are they buying and returning?...
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Jan 2, 2013
01/13
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there's something called a personal exemption phase out in this law which limits your ability to take tax exemptions such as your kids. those are almost entirely phased out by $500,000 worth of income, and then there's something known as pease which is named after the congressman who invented it, a cap on your deductions for over 250,000, so that they don't have so many deductions they escape tax liability all together. if you make $300,000 a year, you're 50,000 over the threshold and a formula is applied to all of the deductions. in this case you have to subtract about 1,500 bucks off your itemized deduction tote a. that's an across-the-board haircut on deductions so it's going to impact everything you typically deduct, like your mortgage or charitable giving or anything. both of these new taxes hit people well below the much publicized $450,000 limit. that's going to surprise some taxpayers come next year, bill. >> once again, another bill that is a tax accountant employment act. >> absolutely. >> right? >> financial planners, too. >> thanks for understanding pease. >> p-ase be with
there's something called a personal exemption phase out in this law which limits your ability to take tax exemptions such as your kids. those are almost entirely phased out by $500,000 worth of income, and then there's something known as pease which is named after the congressman who invented it, a cap on your deductions for over 250,000, so that they don't have so many deductions they escape tax liability all together. if you make $300,000 a year, you're 50,000 over the threshold and a formula...
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Dec 26, 2012
12/12
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the whole idea was to save money, cut costs, et cetera, but you've recently said the new health care law could cause insurance premiums to doublery 2013. ? >> there's some places where the premiums will go up by 100%. a 49-year-old in texas can buy a $5,000 deductible policy that's well below the 60% threshold so if i'm at a 45% threshold policy, the and it goes up to 60%, you have a 33% increase just to moving the benefits up. >> seems crazy, that the system is broken and could still double by 2014. >> if we're going to warn americans, somebody's got to pay for it. >> how do you think it's going to pay out, who is going to or what? >> i think it won't start right away like everyone hopes it will. there won't be an october 1st, 2013, are a bright new plan available for everybody, and it's not going to be cheaper, but i think it will be a start and it will be fits rand smart. if we want to insure more americans, and in the long run if we control our krosts we can control that over time, bring in back in line. the higher proem dums you talking about, does that measly mean higher percentage
the whole idea was to save money, cut costs, et cetera, but you've recently said the new health care law could cause insurance premiums to doublery 2013. ? >> there's some places where the premiums will go up by 100%. a 49-year-old in texas can buy a $5,000 deductible policy that's well below the 60% threshold so if i'm at a 45% threshold policy, the and it goes up to 60%, you have a 33% increase just to moving the benefits up. >> seems crazy, that the system is broken and could...
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Dec 31, 2012
12/12
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i asked folks on twitter for new laws they would like to see. this is one i'm talking about from @duck42l. mandatory jail time for creating new reality shows. from @macdsurry we haver. 20 to life for people that go to sub shops and go all deer-in highlights when asked what fixins they want on sub. and @guyadami says nba players should not be allowed by law to slap teammates hand. and finally, @osubmeyr says, congress works for free in 2013 since we paid them to do nothing in 2012. i think that would get 100% of the vote. >> good luck getting that through congress. jane, happy new year to you. jane wells in los angeles. >>> tweet time. the phrase that got the most nomination this is year on lake superior's list to banish fiscal cliff. what other phrases should be banned? tweet us @squawkstreet and we'll get your responses after the break. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> time for squawk on the tweet. the phrase of fiscal cliff is on the list of words to be banished. we have asked you
i asked folks on twitter for new laws they would like to see. this is one i'm talking about from @duck42l. mandatory jail time for creating new reality shows. from @macdsurry we haver. 20 to life for people that go to sub shops and go all deer-in highlights when asked what fixins they want on sub. and @guyadami says nba players should not be allowed by law to slap teammates hand. and finally, @osubmeyr says, congress works for free in 2013 since we paid them to do nothing in 2012. i think that...
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Dec 26, 2012
12/12
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. >> they also hired shiller, the law firm. not clear why they would hire a law firm at this point. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it has only been down about 3%. these stocks are not acting like there's a disaster. i can give you several reasons why they're not down so far. number one, we are going to see eps growth in the fourth quarter from some of them because of the ext
. >> they also hired shiller, the law firm. not clear why they would hire a law firm at this point. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is...
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Jan 2, 2013
01/13
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and, you know, analyses against what had been current law before this passed show that the deficit is going to be a lot bigger. of course, that's why we avoided the fiscal cliff, because people were staring in the face that the amount of deficit reduction they thought this economy couldn't take right now. >> hey, john, does this whole battle change the political swing of power, balance of power as we go into these rough couple of months into the sequester? i'm just wondering, because guggenheim came out with a note that it's raising the odds of a default on debt from 20% to 10%. they said the brinksmanship we saw in this level and what the republicans have on this fiscal cliff. >> republicans say they have leverage on the debt ceiling. the president says forget about it, i'm not negotiating with you. one of those positions is going to have to give. and we'll see. i think it is logical to say that the odds of a default have risen to some degree because that issue's not been taken off the table. i don't think it fundamentally changes the balance of power, melissa. the president is on th
and, you know, analyses against what had been current law before this passed show that the deficit is going to be a lot bigger. of course, that's why we avoided the fiscal cliff, because people were staring in the face that the amount of deficit reduction they thought this economy couldn't take right now. >> hey, john, does this whole battle change the political swing of power, balance of power as we go into these rough couple of months into the sequester? i'm just wondering, because...
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Dec 31, 2012
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current law is taxes are going up on everybody. so how can keeping that happening for 98% of the people -- >> that's the magic formula. >> -- possibly be a tax increase. so i think it would pass. but it's not going to solve the fundamental problem. there's not enough revenue here remotely to do that. actually, my argument has always been, let's get this done, and let's move on to ground our democratic friends are not very comfortable with which is spending cuts and entitlement reform because that's where a real long-term deal has to happen. >> let me just say, you know, if tom cole had been part of these negotiations from the beginning, probably we wouldn't be here on the precipice right now. because i accept his premise, which is, what we all know -- >> you saying he should be speaker? >> that's really helping me a lot. >> i don't want to get my friend in trouble here. but what i'm saying is we all know that starting, you know, tomorrow, all the taxes reset. we have a $5 trillion tax increase. so what we've been saying is, look, l
current law is taxes are going up on everybody. so how can keeping that happening for 98% of the people -- >> that's the magic formula. >> -- possibly be a tax increase. so i think it would pass. but it's not going to solve the fundamental problem. there's not enough revenue here remotely to do that. actually, my argument has always been, let's get this done, and let's move on to ground our democratic friends are not very comfortable with which is spending cuts and entitlement...
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Dec 27, 2012
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the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >> just a few years ago, there were maybe 10 frontier emerging funds. now, there's more than 300. they're the hot thing. remember, even if there is growth there, very little liquidity. that's not a real place for mom and pop investors. that's still a white knuckle place even if there is growth. >> i'm looking at global industries 52 week highs, turkey, france, uk. lithuania, japan. can those do well? >> i think so. they're coming off their bottom. europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the
the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >> just a few years ago, there were maybe 10 frontier emerging funds. now, there's more than 300. they're the hot thing. remember, even if there is growth there, very little liquidity. that's not a real...
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Jan 3, 2013
01/13
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defeat transparency laws but we know how it is being used was defeating transparency law is. we're finding lawyers on the correspondence, finding possible successors to lisa jackson. her acting replacement is on the correspondence i have so far. at least a lot of questions are now being asked by congress and purportedly by epa's inspector general. >> chris, a couple of years ago my kids were really fascinated -- there was a youtube showing if you put three cell phones around a couple of kernels of corn they popped. they really don't in life. fracking. they show youtubes of water on fire. can you speak to that? >> yeah, sure. the famous clip of a faucet water igniting has been ignited for 100 years. the implication was it was because of fracking when in fact it has nothing to do with it. there was i think a regulator but an activist caught staging another issue where they were actually igniting the gas relief valve, not the water. you see matt damon's movie lifted its plot from cars 2, conspiratorial beyond belief. i think we are making up these reasons for a reason. >> i have
defeat transparency laws but we know how it is being used was defeating transparency law is. we're finding lawyers on the correspondence, finding possible successors to lisa jackson. her acting replacement is on the correspondence i have so far. at least a lot of questions are now being asked by congress and purportedly by epa's inspector general. >> chris, a couple of years ago my kids were really fascinated -- there was a youtube showing if you put three cell phones around a couple of...